West Lafayette 5 bedroom homes for sale/sold in Arbor Chase Subdivision close to Purdue Research Park and Purdue University.
Market Report: Arbor Chase 5 bedroom homes for sale that closed in 2011
Looking for a smaller home in Arbor Chase? Try clicking on these 2011 Market Reports:
3 Bedroom homes sold in Arbor Chase
4 Bedroom homes sold in Arbor Chase
3,4,5 Bedroom homes; Composite Market Report for Arbor Chase
Arbor Chase in West Lafayette is close to the Purdue Research Park and a quick trip to the Purdue University campus, dining, and shopping in West Lafayette!
Homes vary from waterfront, lake view, wooded, and sun drenched locations with the Arbor Chase subdivison.
West Lafayette Parks and Recreation soccer and softball fields are within a short 20 minute walk of most of the homes.
2011 MARKET SNAPSHOT
The sale of 5 bedroom houses in Arbor Chase more than doubled in 2011 from the previous year.
West Lafayette Arbor Chase 5 bedroom home sales dipped slightly in 2011 from the previous year:
*** The average sales price decreased by 4%
*** Median sales price dropped 5%
5 bedroom home sales in Arbor Chase saw a lower "HIGH" sale in 2011, and a higher "LOW" sale than the previous year.
The Average Days on Market for a home to be under contract increased from 18 days in 2010 to 131 days in 2011 for the sale of 5 Bedroom homes in Arbor Chase.
SUMMARY OF 5 BEDROOM HOME SALES IN ARBOR CHASE IN WEST LAFAYETTE, INDIANA IN 2011:
*** These sale statistics should be view with caution as there were only TWO sales in 2010 and one of the sales was a very high end home.
*** Sales did more than double in 2011 with 5 total homes being sold.
*** In spite of the few sales to compare in 2010; the average and median sales prices combined were off between 4-5% in 2011 from the previous year.
*** New construction in Arbor Chase remains robust as more choice wooded and lakefront lots are being built on.
Please contact Bruce Walter or Sharon Walter for more information about homes for sale in Arbor Chase or other locations in West Lafayette, or the surrounding area. Whether it is a starter home, a "Kiddie" condo for your Purdue University student, or a large family home that meets your needs please give us a call or email us!
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